2023 JMD to MAD Historical Review

YEARLY HIGH

0.0696 MAD

YEARLY LOW

0.0623 MAD

YEARLY AVERAGE

0.0657 MAD

2023 JMD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0696. Conversely, the yearly low was recorded on July 16, dropping to 0.0623.

This high-to-low spread represents a total annual volatility of 0.0074 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0669 to the December average rate of 0.0646, the exchange rate registered a net change of -3.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0696 was down 4.68% compared to the 2022 peak of 0.0731, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JMD based on timing:

Yearly Peak High 348 MAD

2022 Average 331 MAD

Yearly Trough Low 311 MAD

Transaction Impact: A difference of 36.80 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0685

0.0626

JanuMarcMayJulySeptNove

JMD to MAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0665, compared to 0.0650 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0665

H2 Avg (Jul–Dec) 0.0650

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0038 MAD (High: 0.0696 / Low: 0.0658). On the other end, September was the most stable month, with a tight range of 0.0010 MAD (High: 0.0667 / Low: 0.0657).

January Spread (Volatile) ±0.0038

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0669) against the same month in 2022 (average: 0.0600), the exchange rate shifted by +0.0070 (+11.65%).

2023 Avg (January) 0.0669

2022 Avg (January) 0.0600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0696	0.0658	0.0669
February	0.0677	0.0658	0.0668
March	0.0686	0.0675	0.0680
April	0.0680	0.0647	0.0666
May	0.0664	0.0646	0.0656
June	0.0659	0.0642	0.0650
July	0.0642	0.0623	0.0631
August	0.0657	0.0628	0.0640
September	0.0667	0.0657	0.0662
October	0.0670	0.0658	0.0663
November	0.0664	0.0645	0.0654
December	0.0654	0.0635	0.0646